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Allen Stanford |
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June 24 -- Texas financier Allen Stanford, accused of running a Ponzi scheme from the Caribbean, will face trial by himself, a U.S. federal judge said on Wednesday, June 23, granting motions by Stanford co-defendants to have a separate trial.
Stanford's jury trial will proceed on Jan. 24, 2011, while the co-defendants will be tried jointly after the end of that trial, U.S. District Judge David Hittner said in a two-page ruling.
Stanford was accused in a 21-count indictment of running a Ponzi scheme focused on Stanford Financial Group's fraudulent sale of certificates of deposit issued by his Antigua bank.
The case is U.S. v. Stanford, U.S. District Court, Southern District of Texas, No. 09-cr-00342. |
